Fair Lending and AI: Balancing Innovation with Equity
Summary
Regulators are scrutinizing AI credit models for fairness. Lenders must balance innovation with explainable systems that meet fair lending requirements.
As AI becomes central to credit decisions, ensuring algorithmic fairness is paramount. Regulators are increasingly scrutinizing ML models for disparate impact on protected classes. This article explores how lenders can implement explainable AI systems that satisfy both business objectives and fair lending requirements.
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